HB Wealth Management LLC Has $303.81 Million Holdings in Apple Inc. (NASDAQ:AAPL)

HB Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,213,149 shares of the iPhone maker's stock after purchasing an additional 39,867 shares during the period. Apple accounts for approximately 3.1% of HB Wealth Management LLC's portfolio, making the stock its 7th largest position. HB Wealth Management LLC's holdings in Apple were worth $303,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bull Oak Capital LLC boosted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple in the second quarter valued at $42,000. SPX Gestao de Recursos Ltda acquired a new position in Apple in the third quarter valued at $71,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth about $77,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AAPL shares. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Moffett Nathanson reaffirmed a "sell" rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. DA Davidson set a $290.00 price objective on Apple in a report on Friday, January 31st. Bank of America lifted their price objective on Apple from $253.00 to $265.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Argus upgraded shares of Apple to a "strong-buy" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $243.88.

Apple Price Performance

Shares of Apple stock traded down $0.19 on Wednesday, hitting $235.74. The company had a trading volume of 47,184,984 shares, compared to its average volume of 53,560,264. The business has a 50-day simple moving average of $238.81 and a 200-day simple moving average of $233.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market cap of $3.54 trillion, a PE ratio of 37.42, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is presently 15.87%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.